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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- TruFin PLC - London-based holding company of three growth-focused technology businesses operating in early payment provision, invoice finance and mobile games publishing - Pretax profit multiplies to £4.6 million in the six months to June 30, from £162,000 a year earlier. Driving this were revenue improvements, as gross revenue rises 42% to £36.0 million from £25.3 million. Net revenue advances 29% to £15.4 million from £11.9 million. TruFin also reported lower costs, further complementing the bottom line. Staff costs fell 9.9% to £6.0 million from £6.7 million, and other operating expenses were down 13% at £2.9 million from £3.3 million. Also commences further share buyback programme worth up to £4 million, following the completion of its £4 million buyback scheme in August. ‘Having grown revenues in the first half last year by more than 200%, it is very pleasing to report a further 42% growth in revenue in the first half of 2025. It is even more pleasing to report on the operational leverage that is coming through, with Ebitda and PBT increasing by 136% and 2,711% respectively. And with a strong start to the second half, we have much to be excited about,’ says Chief Executive James van den Bergh. ---------- McBride PLC - Manchester, England-based private label products maker for the domestic household and professional cleaning and hygiene markets - Reports pretax profit of £49.0 million for the year to June 30, up 2.5% from £46.5 million a year prior. Revenue however falls 0.9% to £926.5 million from £934.8 million. The improved earnings amid the weaker top line can be attributed to cost reductions, as administrative costs fell to £197.0 million from £202.1 million, and finance costs fell 37% to £11.2 million from £17.8 million. McBride ties the lower finance costs to decreases in overall market interest rates and lower levels of debt. The company declares a final dividend of 3.0 pence per share, up from nothing a year earlier. Looking ahead, McBride says early trading in the new financial year has seen volumes in line expectations, with market share for private label overall holding at an all time high. ‘McBride has delivered another year of strong operational and financial results, marking five consecutive half years of these materially improved profitability levels. This sustained performance reflects the effectiveness of our strategy and the dedication of our teams across the Group, further strengthening our industry leadership across Europe,’ says CEO Chris Smith. ---------- Eden Research PLC - Oxfordshire, England-based developer of biopesticides and formulation technologies for the crop protection, animal health and consumer products industries - Pretax loss widens to £1.7 million for the six months that ended June 30, from £1.3 million a year earlier. Revenue falls 36% to £1.2 million from £1.9 million, but with the weaker earnings driven by higher costs. Administrative expenses rose 8.9% to £1.9 million from £1.7 million, and amortisation of intangible assets rose to £285,927 from £150,508. Share-based payments also rose, up 48% at £118,021 from £79,666 and further hampering the bottom line. Company says the fundamentals of the business are ‘as strong as they have ever been’, with this owed to ‘the ever-growing industry transition from conventional chemistry to natural, sustainable chemistry.’ Notes that the board has decided to change year-end reporting date to 31 March from December 31 going forward. ‘Whilst the 2025 first half results reflect the seasonality of our industry more markedly than in 2024, given the unusually warm spring and summer, the company has continued to make good progress on several fronts and, importantly, expects 2025 to be a good year, overall,’ says Chair Lykele van der Broek. ---------- Ten Lifestyle Group PLC - London-based customer loyalty platform for financial institutions - Provides a full-year trading update with it seeing net revenue landing in line with market expectations at around £65.7 million for the financial year that ended August 31, up 5% from £62.9 million a year prior. Says Active Members are up 7% on-year, noting that the most significant growth occurred towards the end of the second half. Says adjusted Ebitda improved to around £14.6 million from £12.8 million a year earlier, ‘ahead of market expectations’, with adjusted Ebitda margin anticipated at 22.2% compared to 20.3%. Reports cash and cash equivalents at financial year end of around £10.6 million, rising from £9.3 million. Adds that post-period end, it secured a three-year £5.0 million revolving credit facility with NatWest to support short-term working capital requirements. ‘I am pleased to report continued progress and particularly an improvement in adjusted Ebitda for the year, reflecting increased efficiency alongside continued investment in our AI-driven digital platform. The launch of our Digital Dining service into multiple markets marks a step-change in how we serve members, combining better service quality with greater scalability. Pleasingly, the adoption rate amongst new active members accelerated towards the end of the year. We also ended the year with a stronger balance sheet and a robust pipeline of opportunities,’ says CEO Alex Cheatle. ---------- LSL Property Services PLC - Newcastle Upon Tyne, England-based provider of services to mortgage intermediaries and franchised estate agencies - Pretax profit from continuing operations falls 18% to £11.3 million in the six months to June 30, from £13.8 million a year prior. Revenue however advances 5.0% to £89.7 million from £85.4 million, with the weaker earnings tied to increased operating expenses. Employee costs rise 6.0% to £53.7 million from £50.6 million, with exceptional costs multiplying to £1.8 million from £482,000. Declares an interim dividend per share of 4.0p, flat with the prior year. Reports a ‘good start’ to second half trading, expecting to deliver a further increase in underlying profit for the full-year. ‘We made positive progress in the first half of 2025, delivering revenue and profit growth, while maintaining operating margin at its highest level for 15 years. We delivered structurally higher ROCE of over 30%, well above historical levels,’ says CEO Adam Castleton, ‘It is early days in my tenure as CEO, and I am excited about the growth opportunities open to us as a Group. With 2025 on track, we are looking ahead with renewed ambition and confidence about our future.’ --------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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